Published: Sat, January 13, 2018
Sport | By Cameron Gross

Chidambaram slams ED for raids at son Karti's premises

Chidambaram slams ED for raids at son Karti's premises

A view of Karti Chidambaram's property where the Enforcement Directorate conducted raids, in New Delhi on Jan 13, 2018. Karti is the son of former Finance Minister and top Congress leader P. Chidambaram and is facing a probe for his alleged role in facilitating the FIPB's clearance during his father's tenure.

Apart from this, his son, Karti Chidambaram's house and office in Chennai and Delhi were searched by the Enforcement Directorate. Reports also suggest that P Chidambaram and Karti Chidambaram are not in town. The case investigating being investigated by the CBI as well.

P Chidambaram further added: "There is no FIR concerning a scheduled crime by CBI or any agency". Officers told me that they believed that Karti was an occupant of the house.

Addressing reporters in Delhi, Chidambaram said the ED has "no jurisdiction" to conduct the searches and that some of these properties belonged to him. On December 1 a year ago, the central probe agency had also conducted similar raids on the premises of a relative of Karti and others in the case.

He has been asked to appear by the agency on January 16 in this case.

Nick Saban not interested in coaching the New York Giants
And for someone who is nearly always tight-lipped with the media, he has directed toward his former organization in recent years. Although there is always a possibility he takes another position, it doesn't appear likely the 66-year-old will head to NY .

Chidambaram also said he had yesterday itself anticipated that as the notices were issued by the SC, "the ED has to conduct some drama in order to cover up some track and hence will conduct searches in Chennai".

During investigation, it was found that a company promoted by Karti and A. Palaniappan, a nephew of Chidambaram, allegedly received $2 lakh from Maxis Group in the guise of software consultancy.

The ED is investigating the circumstances in which the deal was granted an approval by the Foreign Investment Promotion Board (FIPB) in 2006 by the then finance minister P Chidambaram.

The agency said FIPB approval in the Aircel-Maxis FDI case was granted in March, 2006 by the then finance minister even though he was competent to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA).

Like this: